| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Operating Activities | ||||||
Net income | ||||||
- | - | - | 1,460 | |||
Net income | ||||||
658 | 344 | 340 | - | |||
Items not requiring (providing) cash: | ||||||
Depreciation and amortization | ||||||
199 | 248 | 167 | 174 | |||
Proceeds on sale of loans in the secondary market | ||||||
84,893 | 54,036 | 68,006 | 83,873 | |||
Loans originated for sale in the secondary market | ||||||
87,070 | 51,031 | - | - | |||
Loans originated for sale in the secondary market | ||||||
- | - | 66,680 | 82,035 | |||
Gain on sale of loans | ||||||
2,386 | 1,496 | 1,930 | 2,131 | |||
Provision for loan losses | ||||||
- | 99 | 102 | 83 | |||
Gain on sale of foreclosed real estate | ||||||
28 | -1 | -3 | 12 | |||
Deferred federal tax liability | ||||||
-208 | -184 | -239 | 117 | |||
Death benefit proceeds in excess of cash surrender value of BOLI | ||||||
- | - | - | 940 | |||
Increase in cash surrender value of BOLI | ||||||
- | - | 47 | 48 | |||
Increase in cash surrender value of BOLI | ||||||
47 | 46 | - | - | |||
Impairment on foreclosed real estate | ||||||
- | - | 3 | 3 | |||
Stock based compensation expense | ||||||
246 | 68 | - | - | |||
ESOP compensation expense | ||||||
102 | 103 | - | - | |||
ESOP compensation expense | ||||||
- | - | 105 | - | |||
Changes in: | ||||||
FHLB lender risk account receivable | ||||||
269 | 209 | 470 | 486 | |||
Accrued interest receivable | ||||||
-28 | 67 | 17 | 10 | |||
Other assets and prepaid federal income taxes | ||||||
458 | -173 | 22 | -14 | |||
Accrued federal income taxes | ||||||
-173 | 182 | - | - | |||
Accrued supplemental retirement plans | ||||||
217 | 222 | 211 | 99 | |||
Accrued expenses and other liabilities | ||||||
131 | 20 | 72 | -11 | |||
Net cash flows used in operating activities | ||||||
-4,165 | 2,463 | -396 | - | |||
Investing Activities | ||||||
Net cash flows provided by (used in) operating activities | ||||||
- | - | - | 150 | |||
Net decrease in interest-bearing time deposits in other banks | ||||||
-498 | -1,593 | 4,733 | -496 | |||
Net decrease in loans | ||||||
-6,751 | 17,189 | 13,557 | 5,317 | |||
Purchase of premises and equipment | ||||||
53 | 58 | 214 | 104 | |||
Loans purchased | ||||||
- | - | - | 1,176 | |||
Purchase of FHLB stock | ||||||
62 | 18 | 8 | 1 | |||
Proceeds from sale of foreclosed real estate | ||||||
245 | 45 | 49 | 432 | |||
Net cash provided by investing activities | ||||||
7,379 | -15,627 | -18,463 | - | |||
Financing Activities | ||||||
Death benefit proceeds received | ||||||
- | - | - | 1,485 | |||
Net cash used in investing activities | ||||||
- | - | - | -4,185 | |||
Net increase (decrease) in deposits | ||||||
5,622 | 5,251 | 1,074 | 7,594 | |||
Repayment of FHLB advances | ||||||
- | 9 | 19 | 3,024 | |||
Proceeds from issuance of common stock, net of offering costs | ||||||
- | - | 13,415 | - | |||
Repurchase of common stock | ||||||
877 | 78 | 0 | - | |||
Net decrease in advances from borrowers for taxes and insurance | ||||||
-92 | 84 | 150 | 42 | |||
Net cash provided by (used in) financing activities | ||||||
4,653 | 5,248 | 14,620 | - | |||
Increase (Decrease) in Cash and Cash Equivalents | ||||||
7,867 | -7,916 | - | - | |||
Net cash provided by financing activities | ||||||
- | - | - | 4,612 | |||
Increase (Decrease) in Cash and Cash Equivalents | ||||||
- | - | -4,239 | 577 | |||
Supplemental Cash Flows Information: | ||||||
Interest paid | ||||||
1,104 | 770 | 663 | - | |||
Interest paid | ||||||
- | - | - | 733 | |||
Income taxes paid | ||||||
388 | 60 | 120 | 90 | |||
Transfers to foreclosed assets held for sale | ||||||
- | 263 | - | - | |||